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  1. Official Old Man

    [Finance] Quarterly tax returns for self employed

    I love the flat rate as I have very high profits, all be it on low sales. My fixed rate is 4%. It takes my around 5 minutes every quarter to send in my return and I reckon I save around £25,000 a year. Yes, that's profit for me on which they then take 20% income tax. Had an inspection last year...
  2. Official Old Man

    [Finance] Quarterly tax returns for self employed

    I am on a 'fixed rate' VAT scheme and was trying to see if anything had changed, like the rate or threshold. Nothing found so I presume all as before.
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